Answer:
I would resist temptation. You reported it as they paid it, or didn't as the case may be. If you remove the entry another lender may well make a loan they wouldn't otherwise do.
Instead, tell them they can add a comment to their report and explain that they were a cosigner and they did repay the debt. That compromise may be enough. But I believe you either have to report it as it was or delete the record. The latter serves only the borrower.
First published on BankersOnline.com 5/16/05
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